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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (2359)	8/31/1998 1:06:00 AM
From: Amir Shalit	Read Replies (3) \| Respond to of 18998

Mr. Pink, what about BFT biz.yahoo.com Here is the fundamental story of this shady operation: They have been operating a large fitness clubs across the U.S. for many years. BFT stock prices spiked from $4 not long ago to $30 level for no real reason other than what seems to be accounting tricks. The fundamental story is horrible. I've worked out in many of their clubs and the nice once are really rare. In most places their brand works against them. They don't appeal to hard core guys, they don't appeal to people that look for a classy club and they also don't appeal to budget oriented guys since they are not cheap. I just canceled my life time membership since they doubled the renewal fee to $95/year. I used to renew it for the only reason that I can use it while on business trips but they crossed the line. On top of it, the equipment is pretty old, in bad shape and out dated. I really don't see a reason for BFT not to go back to $4 level or below.